Turkmenistan-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $2.67B total volume •Turkmenistan surplus: $648.85M
Turkmenistan → Türkiye
$1.66B
Exports (2023)
Türkiye → Turkmenistan
$1.01B
Imports (2023)
Trade Balance
$648.85M
Surplus for Turkmenistan
Total Trade
$2.67B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Turkmenistan and Türkiye. Green line shows exports from Turkmenistan, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Turkmenistan-Türkiye commercial relationship and competitive positioning in global markets.
Turkmenistan → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Turkmenistan's export portfolio to Türkiye demonstrates strategic specialization, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.
Türkiye → Turkmenistan Imports
Import Dependency Profile
📦 Import Strategy Analysis
Turkmenistan's import pattern from Türkiye reveals significant dependencyin iron or steel: structures and parts thereof, n.e.c. in heading 7308, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Turkmenistan demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $2.67B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Turkmenistan-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $2.67 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Turkmenistan maintains a surplus of $648.85 million
- Export Focus: Turkmenistan's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, cotton yarn: (not sewing thread), single, of uncombed fibres, 85% or more by weight of cotton, less than 714.29 but not less than 232.56 decitex (exceeding 14 but not exceeding 43 metric number), not for retail sale, fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution
- Import Dependencies: Key imports from Türkiye include iron or steel: structures and parts thereof, n.e.c. in heading 7308, insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, buildings: prefabricated, not of wood
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $2.67B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Turkmenistan leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Turkmenistan's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in iron or steel: structures and parts thereof, n.e.c. in heading 7308.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $2.67B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $2.67B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $2.67 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and iron or steel: structures and parts thereof, n.e.c. in heading 7308 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Turkmenistan's trade surplus of $648.85 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Turkmenistan and Türkiye represents a total trade volume of $2.67 billion in 2023. This partnership demonstrates a favorable trade balance for Turkmenistan, with exports exceeding importsby $648.85 million.
Export Strengths
Turkmenistan's exports to Türkiye total $1.66 billion, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $1.41B or85.2% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $1.01 billion, highlighting economic interdependence in iron or steel: structures and parts thereof, n.e.c. in heading 7308, with Iron or steel: structures and parts thereof, n.e.c. in heading 7308 comprising4.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Turkmenistan's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Turkmenistan and Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023